The national average price-per-gallon for diesel fuel increased Monday, Feb. 14, to $1.986 from last
week’s average of $1.983, the Department of Energy reported.
The highest average prices in the
nation continue to be found in the New England region, where the average cost
Among the higher average prices
were in California, at $2.196; the West Coast region, at $2.190; and the
Central Atlantic region, at $2.150.
Other prices included the East
Coast region, at $2.013; the Rocky Mountain region, at $2.011; Lower Atlantic
region, at $1.938; the Midwest region, at $1.935; and the Gulf Coast region, at
Meanwhile, crude oil prices rose
Monday as the market looked for new direction.
Light, sweet crude for delivery in
March rose 29 cents to $47.45 a barrel in afternoon trade on the New York
Mercantile Exchange. Heating oil prices also rose, by less than a penny, to
$1.3122 a gallon.
Simon Wardell, energy analyst at
Global Insight, told The Associated Press that prices are in a holding
pattern as the winter period draws to an end. The market’s focus now is on
OPEC’s plans for the second quarter of 2005, he said.
The Organization of Petroleum
Exporting Countries decided against production cuts at its Jan. 30 meeting, but
said changes were possible before its mid-March meeting.